The previous owner had 10 acres in 1972 and then decided to subdivide the lots but kept the biggest lot for himself, hence the one acre.

While there is ALWAYS a learning curve, if done right it could be very sucessful. the biggest issue she is going to have is 2.5k is probably not enough down.

Hi Jonathon,Lots of things to consider:1: One of the biggest expenses will be water and sewer, if the city provides and the tenant pays it may be worth considering if the numbers are right.  2: Who owns the homes, if you do expect to do a lot of maintenance that will eat into your profit, if they are all tenant owned that's one less thing to have to worry about.3: How are the roads, if they are torn apart this can be a significant one time expense that will need to be addressed sooner rather than later.4: Is there any empty land included or adjacent to the property that can be used to expand in the future.Hope this helps get the ball rolling.Regards,Omar

As @Marcia Maynard Stated, the "Owners Mentality" is the biggest problem!

@Peter Grosso The biggest problem you will have is DTI.  

The biggest thing before you buy is to do your homework and don't let the agent over sell you.  

The unknown is always the biggest fear.  

What have been your biggest lessons in mobile home investing?

I have found them to be my biggest aid thus far. 

My biggest annoyance is that i wanted to rent it 9/1, but don't feel comfortable doing that now without title in my name.... ah well